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Fiat Chrysler (FCAU) Q2 Earnings & Revenue Beat Estimates

Fiat Chrysler Automobiles N.V.FCAU is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler is benefiting from rising sales in the U.S. and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.

We have highlighted some of the key stats from this just-revealed announcement below:

Estimate Trend & Surprise History

Investors should note that the earnings estimate for Fiat Chrysler for the second quarter have going down over the 30 days.

The company delivered positive earnings surprises in three of the trailing four quarters with an average beat of around 22.48%.

Earnings

Fiat Chrysler’s earnings increased to €0.69 (76 cents) per share in the second quarter of 2017, up about 49% from the year-ago quarter, beating the Zacks Consensus Estimate of 59 cents.

Fiat Chrysler reiterated its expectations for 2017. The company projects revenue in 2017 to be in the range of €115 billion to €120 billion. The company expects adjusted net profit to be over €3 billion.

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